Esyasoft Group has acquired Good Energy for 490p per share, an uplift of 66% on the 295p per share on 25 October 2024 (being the last trading day before the commencement of the Offer Period). Eyasoft is a Dubai based specialist in manufacturing devices and software solutions designed to enhance energy distribution.

The Acquisition values the entire issued and to be issued share capital of Good Energy at approximately £99.4 million on a fully diluted basis, and implies an enterprise value of approximately £67.8 million.

Commenting on the Acquisition, Nigel Pocklington, CEO of Good Energy, said:

“Good Energy has had the same express purpose to power a cleaner, greener future for 25 years. Today we have an opportunity with a partner that shares our sustainable energy vision and has the resources to accelerate our purpose substantially. Whilst the Board remains confident in Good Energy’s strategic delivery as a publicly listed company, Esyasoft’s financial resources, in addition to its presence in new markets, present a significant increase in our potential. The offer values the Company at a significant premium, offering shareholders a good return for their support for the Company. The Board is recommending the offer – a good deal which will ramp up the Company’s renewable purpose.”

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